Introduction: If you're keen on making a daily profit of $15 with cryptocurrencies, this guide presents effective strategies suitable for both beginners and seasoned traders on Binance. Let's explore some tried-and-tested methods.
Get Crypto Here
1. Staking and Earning Interest: - Secure your crypto and stable coins on Binance. - Lock in funds for a set period to effortlessly accrue interest. - Leverage Binance's staking options, which provide around 5% per year.
2. Engaging in Airdrops and Giveaways: - Participate in airdrops where companies distribute free crypto on Binance for various services or promotions. - Explore daily NFT and crypto giveaways on platforms like Binance Square Feed. - Consider NFT flipping, involving the buying and selling of NFTs for profit, particularly on platforms like Solana.
3. High-Risk, High-Reward Trading: - Explore coins with lower market caps for potentially higher returns. - Capitalize on moments of extreme fear in the market for strategic buying decisions. - Identify instances of extreme greed as opportunities to consider selling for profits.
📢 Remember, successful crypto trading requires careful consideration of risk and market conditions. Always conduct thorough research before making any investment decisions.
🫂Remember: A lot of Hardwork goes into for providing you Best Investment Articles.Your Generous Tips would Empower our Mission and help us to work even Harder for you to give Best Investment Advice. #AmanSaiCommUNITY
🚨 DONT MISS IT 🚨 🚀🔥BREAKING NIGHT NEWS 🌃😨 📈 🔥Check below🔥 📈Honda Now Accepts Ripple (XRP) and Shiba Inu (SHIB) for Payments. People can now buy Automobile Giant Honda products in numerous crypto assets, such as Ripple (XRP) and Shiba Inu (SHIB).💹 📈Ex-FTX Clients Summoned by DOJ for Sam Bankman-Fried’s Trial💹 📈Shiba Inu Lead Dev Kusama Ends Hiatus, Returns With Cryptic Tweet.💹 📈Ripple's CEO Honors Community for Their Role in Legal Victory💹 📈On-chain T-bills And Asset Tokenization Are Revolutionizing Financial Ecosystems By Democratizing Yield, Says Matrixport's Benjamin Stani💹
Dont forget to follow #CryptoTalks for more BREAKING NEWS 💸🔥
Guys! help me with you vote it you like me pieze. https://app.binance.com/en/mp-cms/app/3a5c261?_dp=Ym5jOi8vYXBwLmJpbmFuY2UuY29tL21wL2FwcD9hcHBJZD0xa3E5NGpGaVMzTExCWlRXVTlDMUxWJnN0YXJ0UGFnZVBhdGg9Y0dGblpYTXZiM1JvWlhJdmQyVmlMMmx1WkdWNCZzdGFydFBhZ2VRdWVyeT13ZWJTcmMlMjUzRCUyNTI1N0IlMjUyNTIyc3JjJTI1MjUyMiUyNTI1M0ElMjUyNTIyJTI1MjUyRmVuJTI1MjUyRm5mdCUyNTI1MkZiaXhlbCUyNTI1MjIlMjUyNTJDJTI1MjUyMmlzQ29uY2F0ZW5hdGVkJTI1MjUyMiUyNTI1M0F0cnVlJTI1MjU3RCZzY2VuZVZhbHVlPTEzMDA&description=Explore+Premium%2C+Unique+and+Exclusive+NFTs&title=Binance+NFT&utm_medium=mini_program_1kq94jFiS3LLBZTWU9C1LV&utm_source=mini_program
Contemporary Art. I'd like to know your Thoughts. Mint or not to mint? #NFT
Step into the captivating world of #NFT contemporary art shopping! Discover five unique masterpieces influenced by Dali, Picasso, Surrealism, and abstract art. Own a piece of history on the #blockchain and be part of an avant-garde movement.
And that's not all! To show our appreciation, we're giving away one of these five unique artworks to a lucky reader. Simply #like and follow us, and leave a comment in the comments section with your thoughts to enter the giveaway. Don't miss this chance to own a digital rarity and be part of an exciting artistic journey!
Would you like me to mint a 5 unique Contemporary Art Collection? Please, leave a comment below and be the lucky one that gets the ARTWORK that you can see in the article image.
Shiba Inu Price Prediction for August 2023: A Machine Learning Algorithm's Forecast
A price prediction tool backed by advanced machine learning algorithms has forecasted a slight upturn in the near future for Shiba Inu (SHIB), one of the most prominent meme coins in the cryptocurrency market. Despite the prevailing market volatility, SHIB has shown relatively moderate behavior in recent weeks, maintaining stability compared to other altcoins experiencing significant gains.
Price Projection:
Based on the latest information obtained by Finbold on July 25th, the cryptocurrency analysis platform PricePredictions, utilizing sophisticated machine learning algorithms, predicts that SHIB will reach a value of $0.000007828 by August 25, 2023.
Analysis of Shiba Inu Prices:
While recent price gains have been modest, current on-chain data indicates a surge in Shiba Inu's popularity among new cryptocurrency investors. Notably, the daily number of new addresses conducting their first SHIB transactions has risen from around 30% to nearly 65% in the recent period, as per a new metric employed by the blockchain intelligence platform IntoTheBlock, known as the new adoption rate.
The recent surge has brought SHIB's adoption rate to its highest level in several months, signaling a renewed interest in this meme cryptocurrency. The growing adoption rate of Shiba Inu suggests that more investors are becoming interested in the coin, likely due to its meme status and potential for future gains. As new users enter the market, they contribute to increased trading activity and liquidity, which could further support SHIB's price stability.
It's important to note that the cryptocurrency market is highly volatile and subject to various external factors and sentiment swings. While the machine learning algorithm's price prediction offers valuable insights, investors should exercise caution and conduct their research before making any financial decisions. To assess the long-term potential of SHIB, it's essential to monitor its development, technological advancements, and adoption by major platforms.
Additionally, staying updated on broader market trends and regulatory developments can provide a comprehensive view of the cryptocurrency landscape. As the August 2023 forecast approaches, traders and enthusiasts should keep a close eye on the price movements and adapt their strategies accordingly. The crypto community's engagement and response to market dynamics will play a crucial role in shaping SHIB's future trajectory.
Overall, the intersection of meme culture and the cryptocurrency market has sparked a unique phenomenon, drawing both attention and skepticism. As Shiba Inu continues to garner interest, it remains an intriguing asset to watch, and its journey in the crypto landscape will be closely followed by enthusiasts and investors alike.
My eyes are stuck on those rising doggies . #shibaInu
LIVE
TopCryptoNews
--
SHIB Burns Jump As Shiba Inu Surpasses XLM, BCH and AVAX: Details
Shibburn wallet tracker has reported that since last morning a better than nothing progress in SHIB burns has been achieved as the burn rate of this popular meme coin has gone up by a couple of hundred percent.
In the meantime, SHIB has jumped up on the list of top cryptocurrencies in terms of market cap and whales have acquired more than a trillion Shiba Inu recently.
SHIB burn rate goes up
According to the aforementioned source tracker, over the span of the past 24 hours, the SHIB burn rate has risen by 240.91% as 95,122,875 Shiba Inu were burned in total thanks to 26 transactions.
The largest amount of SHIB that was moved to a dead-end wallet was 37,691,762 around 10 hours ago.
“Burning” coins means that they are transferred to wallets, from where nobody can spend them or withdraw in any other way. Thus the circulating supply gradually shrinks, making the coin more scarce. This in theory increases the odds of its price going up.
Over the past 24 hours, according to CoinMarketCap, the second most popular meme coin SHIB has climbed to the 14th position. It is changing hands at $0.000008192 after 5.44% growth since yesterday.
Now, SHIB has surpassed several major altcoins – Bitcoin Cash (BCH), Stellar (XLM), DAI, Avalanche (AVAX), Toncoin (TON) and several others.
According to a tweet shared by Santiment on-chain data aggregator, shark and dolphin wallets that hold between 10 million and 100 million Shiba Inu have purchased roughly $ 9 million worth of SHIB within less than 8 weeks. This is equal to 1.11 trillion of these canine coins.
Overall, Santiment commented SHIB has turned into a “surprise winner” during the last hours of a “particularly dull trading week”.
😺 #ShibaInu has been a surprise winner during the final hours of a particularly dull trading week. Shark & dolphin wallets holding 10M-100B $SHIB tokens have accumulated ~$9M in just under 8 weeks, a significant amount for the 14th ranked #crypto asset. https://t.co/WwZrvcUN0D pic.twitter.com/98A1darF5A
Unlock the Crypto Treasure Trove: How to Score Cryptocurrencies Without Spending a Penny!
Ready to ride the crypto wave without dipping into your wallet? 🚀🌊 Discover the savvy secrets to snatch cryptocurrencies without investing a single dollar! 💰💎
🔍 Hunt for #Airdrops : Keep your eyes peeled for airdrops! 🕵️♀️ Projects often give away free tokens to build awareness. Just join their communities, complete simple tasks, and watch the coins rain in!
🤝 Embrace Bounties: Join bounty programs and earn crypto rewards! 🏆 Spread the word on social media, create content, or even help with translations. Your efforts = digital gold in your pocket!
🎰 Test Your Luck with #Faucets : Feeling lucky? Try crypto faucets! 🎲 Spin the wheel, solve puzzles, or click some ads – each action scores you free coins. The more you play, the more you stack!
📈 Harness the Power of #Staking Hold and earn! 💹 Stake certain cryptocurrencies in your wallet and get rewarded with more coins. It's like growing your own crypto garden – watch your profits blossom!
🤖 Mine with Your Computer: Put your computer to work! 💻 Some cryptocurrencies can be mined using your PC's processing power. Join #mining pools and let your machine do the magic!
🌐 Be an Ambassador: Share your crypto passion! 🗣️ Become an ambassador for a project and get rewarded for spreading the word. Who knew talking about crypto could pay off?
Remember, patience is key – Rome wasn't built in a day, and neither is your crypto fortune! 💪 So, gear up, explore the crypto-sphere, and start accumulating your digital treasure chest today! 🌟💎
MY EARNINGS WITH BINANCE DUAL INVESTMENT AND RANGE BOUND
Since I discovered Binance earn pro products, I have been using it for some months now
I use both Binance DUAL INVESTMENTS and RANGE BOUND to earn passive incomes weekly
Meanwhile, when I used Range Bound for the first time, I wanted to confirm the products marked beginner label so I subscribed only $20 BTC for 3days
But then, Market was highly volatile that both upper and lover ranges were touched but surprisingly, my $20BTC was released after 3days, but no interest because I lost the bet.I continued using it, gaining subsequently
So, I'm posting with experience. Ever since then I have been earning up to 500%APR using Binance earn products
You can check my articles on Dual Investment and Range Bound respectively in case you missed it
Descentralizado: PepeCoin no está controlado por ningún gobierno o banco, lo que la hace resistente a la censura.
Deflacionario: La oferta total de PepeCoin está limitada a 21 millones de tokens, lo que hace que su valor aumente con el tiempo.
Fácil de usar: PepeCoin es fácil de usar y puede ser intercambiada por otras criptomonedas o por monedas fiduciarias en una variedad de intercambios.
Comunidad activa: PepeCoin tiene una comunidad activa de usuarios y desarrolladores que están constantemente trabajando para mejorar la moneda.
Contras de PepeCoin
Volatilidad: El precio de PepeCoin es muy volátil, lo que significa que puede subir y bajar de valor rápidamente.
Riesgo: PepeCoin es una inversión de alto riesgo, ya que es una moneda relativamente nueva y no está regulada por ningún gobierno.
Fraude: Ha habido casos de fraude relacionados con PepeCoin, por lo que es importante hacer tu propia investigación antes de invertir en la moneda.
En general, PepeCoin es una criptomoneda de meme con un potencial de crecimiento a largo plazo. Sin embargo, es importante ser consciente de los riesgos antes de invertir en la moneda.
Answer the question in the crypto box to earn free #crypto .
Hint: The answer is in the post, it's very easy to find.
1. RISK MANAGEMENT: I always recommend less than 20% of account size. Trading is not 100% assured that you will win, so you have to put what you can lose.
2. GO FOR TRADES THAT ARE PROFITABLE: After analysis, I encourage you go for the trades that are most likely to profit you. When you profit, you grow your Confidence.
3. AVOID EMOTIONS WHILE TRADING: This is one of the most VITAL part of a trader's life as it.
EMOTIONS CAN DESTROY A TRADER'S CAREER. When you let emotions rule, you will lose real big.
Apply all these steps and you'd notice great changes.
SHIB Coin Prediction: Will Shiba Inu Coin Reach $1?
Just a few years ago, Shiba Inu (SHIB), a cryptocurrency that began as a meme, was becoming mainstream, minting new millionaires, and gaining a substantial following. Yet, the token has now seen a considerable drop in price, leading to questions about its future prospects. In particular, many investors wonder: can Shiba Inu reach $1?
Predicting the future value of a volatile asset like SHIB involves multiple factors, including macroeconomic conditions, adoption rate, and general market forces. Although the phrase “nothing is impossible” often echoes in the crypto market, SHIB reaching $1, despite its potential, is an ambitious target, especially considering its closest competitor, Dogecoin, has reached this feat only sporadically.
As of now, Shiba Inu’s price stands at $0.0000086, indicating a required surge of 116,279 times to reach $1. This achievement could be challenging given the token’s current market capitalization and circulating supply. However, the crypto market is known for its unpredictability, and considering SHIB’s previous rise of over 8,000,000%, a future surge cannot be ruled out.
According to data from Santiment, SHIB’s supply outside of exchanges has surpassed 911 trillion, a significant increase compared to 2021. This development suggests that many investors are holding SHIB for the long term, which could potentially fuel a bullish trend. Additionally, SHIB’s total number of holders has grown to 1.3 million.
The daily chart shows no signs of a downward crossover of the 50 EMA against the 200 EMA, implying that SHIB’s upside potential is still intact. The Chaikin Money Flow (CMF) indicates a value of 0.05, signaling an accumulation of SHIB. Should this accumulation continue, SHIB’s chances of nearing $1 could increase.
Although the journey towards $1 remains formidable, Shiba Inu is using a token burn mechanism to stabilize its value. This method involves sending tokens to dead wallets, rendering them unrecoverable and effectively reducing the total supply. This strategy could increase demand for SHIB in the long term.
Shibburn reports that more than 410 trillion tokens have been burned since the initial supply. The project is also focused on increasing utility with the development of the Shibarium L2 network. Despite being 89.74% down from its All-Time High (ATH) at the time of writing, Bone ShibaSwap suggests that SHIB could potentially hit the $1 milestone with maximum support for burn activity, Shibarium, and tokens within the Shiba Inu ecosystem.
The next Litecoin halving event is scheduled to take place on August 2, 2023. This means that the block reward that miners receive for validating transactions will be cut in half, from 12.5 LTC to 6.25 LTC. This will reduce the supply of new LTC entering the market, which could lead to an increase in price.
The Litecoin halving is a scheduled event that occurs every 4 years in the Litecoin blockchain. The first Litecoin halving took place in 2015, and the second halving took place in 2019. The next halving will be the third halving in Litecoin’s history.
The halving is a way to control the inflation rate of Litecoin. By halving the block reward, the amount of new LTC that is created each year is reduced by half. This helps to keep the value of Litecoin stable over time.
The Litecoin halving is a significant event for the Litecoin community. It is a time of excitement and anticipation, as investors and miners wait to see how the price of LTC will react. The halving could also lead to increased adoption of Litecoin, as people see it as a more scarce and valuable asset.
What to Expect After the Halving
It is difficult to say for sure what will happen to the price of Litecoin after the halving. Some analysts believe that the halving could lead to an increase in the price of Litecoin, as the reduced supply will make LTC more scarce. Others believe that the halving could lead to a short-term sell-off in Litecoin, as miners sell their LTC holdings in order to cover their costs.
Ultimately, the impact of the halving on the price of Litecoin will depend on a number of factors, including the overall state of the cryptocurrency market and the level of demand for Litecoin. However, it is clear that the halving is a significant event that could have a major impact on the price of LTC.
As of 7 pm UTC on 14 July 2023, Litecoin is trading at around $93.34, down 8.9% in the past 24 hour.
5 Best Altcoins to Invest in 2023 – Compare New Altcoin Projects
The post 5 Best Altcoins To Invest In 2023 – Compare New Altcoin Projects appeared first on Coinpedia Fintech News
In this article, we delve into five promising altcoins that have been making waves in the market: Filecoin (FIL), ApeCoin (APE), Lido DAO (LDO), Conflux (CFX), and Uwerx.
By examining their market dynamics, technological advancements, and community-driven developments, we will provide valuable insights for investors looking to diversify their portfolios.
Filecoin (FIL) Price Prediction
Filecoin (FIL) is a cryptocurrency at the forefront of decentralized storage networks (DSN) built on blockchain technology. With its unique protocol and marketplace, Filecoin (FIL) aims to revolutionize secure and efficient decentralized data storage.
The network enables independent storage providers to offer clients data storage and retrieval services, establishing a robust ecosystem. By utilizing Filecoin (FIL) tokens, the native cryptocurrency of Filecoin (FIL), users can store their files on this decentralized network in exchange for a fee.
Currently ranked #31 on CoinMarketCap with a live market cap of $1,978,104,132, Filecoin (FIL) holds immense potential. Projections indicate that by Q3 2024, the price of Filecoin (FIL) may reach $9.96 because of the increasing adoption of Filecoin (FIL), presenting a compelling opportunity for investors.
ApeCoin (APE): Empowering the APE Ecosystem and NFT Community
ApeCoin (APE) is a cryptocurrency that is the backbone of the thriving ApeCoin (APE) ecosystem. This ecosystem comprises a passionate community of token holders and a wide range of products and services that leverage the power of ApeCoin (APE).
By holding ApeCoin (APE), users gain access to exclusive features within the ecosystem, including engaging games, exciting events, unique merchandise, and valuable services.
With a current price of $3.21 and a 24-hour trading volume of $38,890,126, ApeCoin (APE) demonstrates its market presence. Experts project a positive trajectory for ApeCoin (APE), forecasting a potential price of around $6.02 by 2024.
This prediction reflects the growing interest and demand for ApeCoin (APE) within the dynamic NFT landscape, making it an intriguing investment opportunity for those seeking exposure to the ApeCoin (APE) ecosystem and its vibrant community.
Lido DAO (LDO) Price Prediction
Lido DAO (LDO) is the native utility token that fuels the decentralized decision-making process within the Decentralized Autonomous Organization.
As holders of Lido DAO tokens, participants gain governance rights, enabling them to actively participate in shaping key parameters of liquid staking protocols.
In addition to their governance functionalities, Lido DAO tokens can be traded on popular centralized crypto exchanges like DigiFinex, Binance, and BingX.
With a current price of $2.21, Lido DAO demonstrates promising potential in the market. Analysts anticipate a Lido DAO price surge, reaching $5.93 by 2024. The growing partnerships and collaborations within the ecosystem fuel this projection.
Conflux (CFX): Thriving on the Conflux Network with Remarkable Performance
Conflux (CFX) is a cryptocurrency that operates on the Conflux Network, a robust public blockchain platform.
Three months ago, Conflux experienced an extraordinary surge in price, witnessing an impressive 500% increase in just one week.
This surge was largely attributed to China’s growing acceptance of cryptocurrency trading, positioning Conflux as one of the top-performing crypto assets of the year.
Conflux continues to garner attention with a current price of $0.310883 and a 24-hour trading volume of $85,397,479. Market analysts confidently predict that it will reach $0.71 by Q3-Q4 2023.
This projection reflects the consistent dominance of the project within the Chinese crypto market.
Uwerx (WERX): Enhanced Earnings and Work Efficiency on the Uwerx Platform
Uwerx emerges as a freelance platform dedicated to empowering individuals in an industry plagued by excessive fees. By offering a minimal 1% service charge, Uwerx ensures that freelancers can maximize their earnings on par with full-time workers. Beyond financial benefits, the platform prioritizes work efficiency through additional features, providing a seamless experience for freelancers.
To ensure long-term stability and security, Uwerx plans to implement a 25-year lock-up liquidity period at the end of the presale, and the decision was backed by 82.8% of its community members. Thorough audits conducted by InterFi Network and SolidProof guarantee the platform’s safety. Moreover, upon the project’s launch on centralized exchanges, ownership contracts will be renounced, and taxes settled to protect investors’ funds.
CoinSniper’s recent listing of Uwerx expands user accessibility and engagement opportunities. Furthermore, the upcoming listing on Uniswap, scheduled for August 1st, will provide users with even more choices to leverage Uwerx’s services, strengthening the platform’s presence in the crypto market.
Uwerx (WERX)’s Success and Lucrative Investment Opportunity
The remarkable achievements and overwhelming demand surrounding Uwerx have captivated the attention of numerous investors. With its fifth presale stage underway, the token’s popularity has skyrocketed. Each of the first four presale stages concluded rapidly, reflecting the high demand and investor interest.
Investors now have a unique opportunity to acquire WERX tokens at an enticing price of $0.05245 during the ongoing presale phase, accompanied by a generous 20% bonus.
Uwerx introduces the revolutionary Uwerx Vault, a secure staking mechanism that ensures the safe storage of tokens. With this feature, investors can confidently watch their returns grow while their tokens remain protected. The project’s future looks promising, with an Alpha Version of the Uwerx platform set to launch soon, marking a significant milestone toward realizing its immense potential. The presale’s hard-cap end date has been firmly established for July 31st, 2023.
Industry experts hold an optimistic outlook on the future value of WERX. They project the token to reach $0.59 by Q1 2024 and $1.76 by Q4 2024, driven by its listing on CoinSniper and the anticipated listing on Uniswap on August 1st.
Uwerx (WERX): Strong Community Support and Upcoming Platform Updates
A recent survey conducted within the Uwerx community revealed overwhelming support, with 98.2% of participants favouring the implementation of the Test Airdrop, scheduled to occur before the presale’s conclusion on July 31st, 2023. Additionally, the team is taking proactive steps to lock the liquidity before the presale concludes, ensuring the platform’s stability.
Uwerx recently unveiled a ten-page PDF showcasing the latest updates on the Alpha platform. This comprehensive guide covers various features, including signing up, logging in, password recovery, hiring dashboard, and activity management. Keep an eye out for upcoming updates.
The team is actively preparing for a seamless transition from the Alpha platform to the upcoming Beta phase, introducing new features and improvements to enhance the user experience. Uwerx appreciates your feedback, so please don’t hesitate to share your thoughts at feedback@uwerx.network.
To capitalize on the current market conditions and secure WERX tokens, take advantage of the 15% bonus available by clicking the links below:
Seems like a good time is coming . everything is surging . We're going to be happy this summer . what do you think ? #ShibaINU #crypto2023
LIVE
TopCryptoNews
--
Shiba Inu Layer-2 Testnet Garners 25 Million Transactions As SHIB Developers Promote Shibarium’s Ben
New data reveals that over 25 million transactions have taken place over the testnet of Shibarium, Shiba Inu’s (SHIB) highly anticipated new layer-2 scaling solution, as the project’s developers promote its benefits.
According to blockchain scanner Blockscout, 25,780,900 transactions have taken place over the testnet, known as the Puppynet, since it launched in March.
Furthermore, the data shows that there are over 17 million unique wallets that use the protocol.
At the end of March, the testnet saw about 1 million transactions take place.
Lucie, a content marketing specialist for SHIB, lays out the benefits of using Shibarium, such as its scalability, cost-effectiveness and enhanced security, as well as its impact on Bone ShibaSwap (BONE), the project’s gas fee token.
“Shibarium empowers projects by offering scalability, cost-effectiveness, and enhanced security. The reduced gas fees on Shibarium can have a significant impact on Bone, increasing its demand and potential value.
With Shibarium, projects have the opportunity to innovate, expand, and create a more accessible and thriving decentralized ecosystem.”
Lucie also details how Shibarium will have a deflationary token-burning system in place that would lower the supply of SHIB, theoretically increasing its price.
“Shibarium significantly impacts the SHIB ecosystem by introducing a burning mechanism that reduces the supply of SHIB. When users make transactions on the network, the base fee is locked on a Shibarium contract, while the priority fee is paid to validators. The base fee is divided, with 70% burned and 30% set aside for network maintenance…
This burning mechanism has several key benefits. Firstly, it introduces deflationary aspects to SHIB tokens, reducing the supply over time. This can potentially benefit token holders through increased value and scarcity. Secondly, it helps maintain the supply-demand balance within the SHIB ecosystem.
With fewer tokens in circulation, assuming demand remains constant or increases, it can lead to price appreciation. Moreover, the burning mechanism incentivizes user engagement.”
SHIB is trading for $0.000007 at time of writing, a fractional decrease during the last 24 hours.
Shytoshi Kusama, a widely-followed SHIB developer, has hinted at the upcoming release of Shibarium. In a brief hype video shared with his 918,900 Twitter followers, Kusama did not disclose when Shibarium will launch but rather asked “Where?”.
The meme-inspired cryptocurrency Shiba Inu ($SHIB) has recently started charting an impressive rally that has seen its price outperform that of most other major digital assets, and lifted over a trillion of its tokens out of the red and back into profitability.
According to available cryptocurrency market data, the price of the meme-inspired cryptocurrency jumped around 10% over the last few days, while the flagship cryptocurrency BTC rose 2.7% over the same period and Ethereum’s ETH lost 0.6% of its value.
With the price of SHIB continuing to climb, recent data indicates a significant turning point for those holding the coin. Over a trillion SHIB tokens have now moved from losses to profits, underlining the scope and impact of the ongoing rally. I
In just the past week, the surge has amounted to a remarkable 12.4%, pushing an astounding 18.58 trillion SHIB tokens into profitability. This shift represents a substantial 40.9% of all circulating Shiba Inu tokens now deemed “in the money” by on-chain analytics firm IntoTheBlock.
The ripple effects of this upswing and the sheer number of tokens crossing their break-even point have stirred considerable interest and intrigue within the cryptocurrency community. Observers are keen to unearth the factors propelling SHIB’s recent success and speculate on whether this upward trend can be sustained.
The digital token’s ability to weather the storm of recent regulatory challenges testifies to the growing confidence and potential surrounding this meme coin. Despite the volatile nature of the market, the crypto has amassed a dedicated community of supporters who are bullish about its long-term prospects and attempt to support it through token burns and its own layer-2 network, Shibarium.
As reported, the native test network of Shiba Inu’s layer-2 Shibarium, fondly called Puppynet, has recorded an impressive tally of over 20 million transactions, emanating from an estimated 16 million wallets. This notable achievement signals the network’s steady march towards a broader release slated for the forthcoming months.
Shibarium represents a milestone for the Shiba Inu ecosystem, whose token is currently running on the Ethereum network which, despite being a highly safe and decentralized blockchain, has drawbacks when it comes to scalability and transaction throughput.
As CryptoGlobe reported, recent analysis from Santiment has suggested that several major altcoins, including $XRP, Cardano’s $ADA, and the meme-inspired cryptocurrency Shiba Inu are potentially undervalued, which would signal an opportunity for a recovery over the summer.
#bitcoin Bounces Back: Surges $2,000 in 24 Hours, Reaching Highest Price Level Since June 8.
In a remarkable turnaround, Bitcoin has staged a powerful comeback, shaking off days of sluggish performance. The leading cryptocurrency witnessed an impressive surge of nearly $2,000 within the last 24 hours, propelling its value to its highest point since June 8. This unexpected bullish momentum has reignited optimism among investors and sparked renewed interest in the digital asset market. Discover the factors behind this sudden upswing and its potential implications for the future of Bitcoin.
LIVE
Binance News
--
Almost $100 Million in Liquidations As Bitcoin (BTC) Soared to Weekly High
After several days of depressing price movements, bitcoin finally went on the offensive and shot up by almost $2,000 in the past 24 hours to register its highest price tag since June 8.
Expectedly, this has resulted in millions of dollars worth of liquidations, with short positions representing almost 80%.
Following the SEC’s lawsuits against the two largest crypto exchanges – Binance and Coinbase – as well as the CPI numbers from Wednesday and the Fed’s pivot from its interest rate hiking policy, bitcoin’s price performance was quite underwhelming.
The asset recently charted its lowest price tag in three months. The altcoins, though, suffered even more, and the total crypto market cap had declined by $130 billion within less than two weeks at one point.
However, the bulls finally have a cause for celebration. The past 24-48 hours have been significantly more beneficial for the entire market.
BTC had recovered some ground and stood at $25,500 after BlackRock’s filing for a Bitcoin Spot ETF. After a minor setback yesterday and a dip to $25,200, the cryptocurrency went on a tear and skyrocketed to a 9-day high at $26,800.
Needless to say, most altcoins have mimicked or even outperformed BTC on a daily scale, with Solana, Polygon, Ethereum, Aptos, and Algorand jumping by up to 9%. QNT has soared the most from the larger-cap alts, following a 20% surge.
This has harmed mostly short traders. The total value of liquidated positions stands at over $90 million on a 24-hour scale, while short traders are responsible for more than $70 million (approximately 80%).
Bitcoin and Ethereum have the largest share of the pie, with almost $50 million out of the entire $90 million, according to Coinglass.
BTCUSD. Source: TradingView
The post Almost $100 Million in Liquidations as Bitcoin (BTC) Soared to Weekly High appeared first on CryptoPotato.
Unlock Your Crypto Profits: Master the Art of Daily Trading to Earn $150 a Day!
LIVE
Si_Angel
--
A Step-by-Step Guide to Making $150 a Day with Crypto on Binance:
Are you interested in making $150 a day with cryptocurrencies? In this guide, we will explore various strategies and steps to help you achieve this goal. Whether you're a beginner or an experienced trader, there are several approaches you can take to generate daily profits in the dynamic world of cryptocurrencies. Let's dive in and explore some proven methods.
Staking and Earning Interest:
Start by holding your crypto and stable coins on Binance.
Lock in your funds for a certain period to earn interest without any effort.
Binance offers staking options where you can earn around 5% per year.
Participating in Airdrops and Giveaways:
Join airdrops where companies offer free crypto in exchange for services or promotions.
Explore NFT and crypto giveaways happening daily on platforms like Twitter.
Consider NFT flipping (on Solana, for example), buying and selling NFTs for profit.
Trading Altcoins:
Visit the website CoinMarketCap to analyze the top 20 altcoins by market cap.
Look at the market cap and performance of each altcoin over 24 hours, seven days, and 30 days.
Popular projects to consider include Ethereum, Solana, Doge, Avalanche, Polygon, and Chainlink.
If you prefer higher risk and reward, explore coins with lower market caps.
For beginners, it's recommended to stick with the top 20 coins by market cap that have established investments.
Fear and Greed Index:
Utilize the Fear and Greed Index, which evaluates market sentiment on a daily basis.
Extreme fear often presents buying opportunities, while extreme greed may suggest taking profits.
Look for moments of extreme fear to make purchasing decisions and extreme greed to consider selling.
Dollar-Cost Averaging (DCA):
Implement dollar-cost averaging by investing a fixed amount regularly, regardless of the current price.
This strategy helps reduce the impact of volatility in the crypto market.
Consider investing at least $100 every week into cryptocurrencies like Bitcoin and Ethereum.
Binance offers an auto-invest feature that allows you to automate your DCA strategy effortlessly.
Auto-Invest and Dollar Cost Averaging on Binance:
Open the Binance app on your phone and locate the auto-invest button.
Create a digital program to invest in a certain cryptocurrency automatically.
Binance provides options like BNB, Bitcoin, Ethereum, Solana, Cardano, Polkadot, XRP, AVAX, Luna, Matic, and Chainlink.
Choose your preferred crypto, such as Bitcoin, and select the auto dollar cost averaging frequency (daily, weekly, biweekly, or monthly).
example, atSet the investment amount, for example, $100.
Binance will automatically invest stable coins worth $3,000 into Bitcoin each month based on the set amount.
Buying Bitcoin on Binance:
Deposit money into your Binance account to buy stable coins like USDT, Tether, or USC.
Navigate to the markets tab and search for Bitcoin or USD.
Click on the Bitcoin/USD pair to view the current price and graph.
Determine the amount you want to invest, for example, $1,000, and proceed with the purchase.
By following these step-by-step instructions, you can implement various strategies and utilize tools on Binance to increase your chances of making $100 per day with cryptocurrencies in 2023. Remember to conduct thorough research, diversify your investments, and consider your risk tolerance before making any financial decisions.